All the fanfare over Apple buying Beats, and it turns out Apple wasn’t even done researching the company when we first heard of it. A new report from the New York Post suggests Apple was still doing their due diligence when news of the proposed acquisition leaked. The report also suggests Apple has reduced their offer for Beats on the back of poor streaming subscriber numbers.
Apple, who recently settled their ongoing dispute with Motorola and Google amicably, has no intent on following that up. Previous reports that suggested the Cupertino firm and Samsung would play nice has been found to be false, as Apple seeks a retrial of their latest spat with Samsung. They’re also seeking a ban of all Samsung devices that infringe on their patents.
The Apple deal to acquire Beats, which was supposed to have happened weeks ago, has dragged out far too long. If a deal were to be made, we expect it would have been done by now, but a new report suggests there are some visceral hang-ups keeping it at bay. Most notably, the three tenets of any business dealing: money, power, and respect.
This week the folks at Lenovo have suggested that - perhaps for the first time in a very long time - they’ve beaten Apple for PC sales in the United States. Lenovo makes a point to mention they’ve "surpassed Apple" for PC shipments in their financial fourth quarter in their press release titled "Lenovo Outperforms Market in 4th Quarter and Full Year 2013/14."
With Apple’s alleged purchase of Beats hanging in the air, a rogue third-party has interjected. David Hyman, founder of Mog, is suing Beats ahead of an Apple takeover. According to him, Beats owes him quite a bit of money, or stake in the company.
Apple acquiring Beats is not about design. Apple did not acquire Beats for their design prowess, as the Beats group does not design the physical elements of their own products - Ammunition Group* does. Instead, Apple will have acquired Beats for its inroads to music, one way or the other. It is possible, if this deal is done, that Apple will have made a bad decision.
As ways of announcing a $3.2bn acquisition go, popping drinks in the studio with Dr. Dre as he declares himself "the first billionaire in hip-hop" over the deal to sell Beats to Apple is one of the most memorable. In a video posted by actor Tyrese Gibson to his Instagram account, the rapper and producer behind Beats Audio seemingly confirms the sale to the iPhone maker, along with suggesting that the Forbes rich list probably now needs updating.
Notoriously quiet about acquisitions, Apple may be set to make some noise. A report from Financial Times pegs the California company as close to tucking Dr. Dre’s Beats Electronics under their wing. The deal, reportedly worth $3.2 billion, would encompass all Beats properties.